Nigeria Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies
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Nigeria Oil and Gas Exploration and Production Market Report Overview
Nigeria is one of the biggest crude oil producers and exporters in Africa. As of January 2024, the country’s crude oil and condensate reserves reached 37.5 billion barrels, while the natural gas reserves, including associated gas, reached 209.26 trillion cubic feet (TCF). More than half of Nigeria’s hydrocarbon production comes from offshore fields. Meanwhile, most of the natural gas production comes from onshore fields, with offshore fields accounting only for approximately 25% of the country’s total gas production.
The Nigeria oil and gas exploration and production (E&P) market research report provides an industry outlook by assets, terrain, and major companies. The report offers key details of upcoming oil and gas assets in the country. Furthermore, the detailed report covers insights regarding the latest mergers & and acquisitions related to the Nigeria oil and gas E&P sector.
| Key Terrains (Gross Crude Oil and Condensate Production) | · Onshore
· Shallow Water · Deepwater · Ultra-Deepwater |
| Key Terrains (Marketed Natural Gas Production) | · Onshore
· Shallow Water · Deepwater · Ultra-Deepwater |
| Key Assets (Gross Crude Oil and Condensate
Production) |
· Bonga Complex
· OML 49, 90, 95 · Agbami · OML 104, 67, 68, 70 · OML 17 |
| Key Assets (Marketed Natural Gas Production) | · Gbaran Ubie Phase 2
· OML 60, 61, 62, 63 · Soku · Okpokunou/Tuomo West Cluster Development · Gbaran |
| Leading Companies (Crude Oil and Condensate Production) | · NNPC Ltd
· Shell plc · TotalEnergies SE · Chevron Corp · Exxon Mobil Corp |
| Leading Companies (Natural Gas Production) | · NNPC Ltd
· Shell plc · TotalEnergies SE · Eni SpA · Seplat Energy PLC |
| Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Nigeria Oil and Gas E&P Market by Terrains
The key terrains in Nigeria’s oil and gas E&P market are onshore, shallow water, deepwater, and ultra-deepwater, among others. In 2024, onshore terrain accounts for the highest share in the Nigerian marketed natural gas and gross crude oil and condensate production.
Nigeria Oil and Gas E&P Market Analysis by Terrains, 2024 (%)
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Nigeria Oil and Gas E&P Market Segmentation by Gross Crude Oil and Condensate Assets
A few of the key crude oil and condensate production assets in the Nigerian oil and gas E&P market are Bonga Complex, OML 49, 90, 95, Agbami, OML 104, 67, 68, 70, and OML 17, among others. Bonga Complex will dominate the Nigeria crude oil and condensate production market in 2024.
Nigeria Gross Crude Oil and Condensate Production Market Analysis by Assets, 2024 (%)
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Nigeria Oil and Gas E&P Market Segmentation by Marketed Natural Gas Assets
A few of the key marketed natural gas production assets in the Nigerian oil and gas E&P market are Gbaran Ubie Phase 2, OML 60, 61, 62, 63, Soku, Okpokunou/Tuomo West Cluster Development, and Gbaran, among others. Gbaran Ubie Phase 2 will dominate the Nigeria marketed natural gas production market in 2024.
Nigeria Marketed Natural Gas Production Market Analysis by Assets 2024 (%)
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Nigeria Oil & Gas Exploration and Production Market - Competitive Landscape
A few of the leading oil and gas E&P companies in Nigeria are:
- NNPC Ltd
- Shell plc
- TotalEnergies SE
- Chevron Corp
- Exxon Mobil Corp
NNPC Ltd has the highest net entitlement for marketed natural gas and gross crude oil and condensate production in 2024.
Nigeria Oil and Gas E&P Market Analysis by Companies, 2024 (%)
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Segments Covered in the Report
Nigeria Crude Oil and Condensate Production Terrains Outlook
- Onshore
- Shallow Water
- Deepwater
- Ultra-Deepwater
Nigeria Marketed Natural Gas Production Terrains Outlook
- Onshore
- Shallow Water
- Deepwater
- Ultra-Deepwater
Scope
The report provides:
- Outlook of the crude oil and natural gas production in the country.
- Key details of active and upcoming oil and gas assets in the country.
- Recently licensed block details, licensed blocks count by company, and latest discoveries.
- Latest mergers and acquisitions, and awarded contracts related to the E&P sector in the country.
Reasons to Buy
- Gain a strong understanding of Nigeria’s E&P sector.
- Facilitate decision-making based on strong historical and outlook of oil and gas production data, licensed block details, and discoveries.
- Assess your competitor’s production outlook and licensed blocks count in the country.
- Analyze the latest M&A landscape and awarded contracts related to the country’s E&P sector.
Nigeria LNG Limited (NLNG)
Table of Contents
Table
Figures
Frequently asked questions
-
Which terrain will dominate the Nigerian oil and gas E&P market in 2024?
In 2024, onshore terrain dominates the Nigerian crude oil and condensate and marketed natural gas production.
-
Which crude oil and condensate production asset accounts for the largest Nigeria oil and gas E&P market share in 2024?
In 2024, Bonga Complex will be the leading crude oil and condensate production asset in the Nigeria oil and gas E&P market.
-
Which natural gas production asset accounts for the largest Nigeria oil and gas E&P market share in 2024?
In 2024, Gbaran Ubie Phase 2 will be the leading natural gas production market asset in the Nigeria oil and gas E&P market.
-
Which are the major companies operating in the Nigeria oil and gas E&P market?
A few of the major crude oil & condensate production companies in the Nigeria oil and gas E&P market are NNPC Ltd, Shell plc, TotalEnergies SE, Chevron Corp, and Exxon Mobil Corp, Eni SpA, and Seplat Energy PLC among others.
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